UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – business live

Food prices rose at the slowest rate since December 2024 with declines in inflation for meat, cheese, vegetables and cheese Transport costs rose at an annual rate of 6.8%, up from 4.5% in April and the highest since December 2022. The main effects came from air fares, motor fuels, and sea fares, together with the correction of an error in the Vehicle Excise Duty (VED) series in 2025. Inflation held steady in May as various price movements offset each other. The main upward movement came from transport, with air fares, vehicle taxes and petrol prices all pushing up inflation. These were offset

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